Shortly a few examples of the impact that Corona Virus had on the global economy.
- Victoria Secret announced bankruptcy of the UK segment
- ZARA closed 1200 stores worldwide
- La Chapelle shut down 4391 stores
- Chanel stopped production
- Hermes closed
- Patek Philippe ceases production
- Rolex too
- The world industry of luxury has shrunk
- Nike has $23 billion in debt. The second round of dismissal is around the corner
- Gold's Gym applied for bankruptcy
- Brooks Brothers - bankrupt. 200 stores closed. The brand is over 200 years old
- Bed Bath & Beyond closed 200 stores
- J. Crew is bankrupt
- Ann Taylor and Lane Bryant closed 1200 stores
- GNC will close 1200 out of 5400 stores
- Neiman Marcus - bankrupt
- Macy's is cutting down 3900 employees from the front office
- JC Penney is bankrupt, closing 150 out of 850 stores
- The founder of Airbnb said that due to the pandemic 12 years of hard work were wasted during the 6 weeks
- Starbucks announced the permanent closure of 400 cafes
- WeWork is also not in the best situation
- Herz, the largest car rental is bankrupt
- Comcar, transporter with 4000 trucks is also bankrupt